Precious Metals

Key Facts

—The tape. Gold is changing hands in the low-$4,000s and silver in the high-$50s, both deep into a grinding 2026 downtrend.

—Off the highs. Gold has fallen roughly 30% from its 2026 peak near $5,500; silver has been cut in half, collapsing from around $122 to the high-$50s.

—Gold’s death cross. Gold’s 50-day average crossed below its 200-day at the end of June — the death cross has already triggered.